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Hello please help with this question with clear steps, preferably hand written. Question 11 There are two consumers, A and B, in an exchange economy.
Hello please help with this question with clear steps, preferably hand written.
Question 11 There are two consumers, A and B, in an exchange economy. Consumer A has utility function [J(XA , ) and consumer B has utility function Note that consumer A' consumption Of good x negatively affects consumer B's utility. In Other words, consumer A imposes negative externality on consumer B. A is endowed with is 10 units Of x and 6 units Ofy and B is endowed with 10 units Of x and 4 units Of y. a) Set x as a numeraire. Find the equilibrium price Of y and the equilibrium allocation.
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